PayPoint announces new loan opportunity for stores

Quick and affordable loans are now available to retailers on its loyalty scheme


PayPoint retailers have been given the chance to apply for quick and affordable loans, following a partnership expansion.

After a successful launch between Funding Circle and Handepay in October 2022, PayPoint has confirmed its entire network of 28,000 retailers on its loyalty scheme, can now apply for a Funding Circle loan.

The applications are expected to take no longer than ten minutes to complete and no more than a 24-hour wait for a decision to be made.

Banking services director, Mark Latham, said: “At PayPoint, we’re always looking at ways to support retailers to help them get the most out of their stores and this partnership with Funding Circle does exactly that.

“When businesses want to invest in adapting to market conditions, they should be able to do so swiftly and with confidence. This was the key reason for expanding PayPoint Group’s partnership with Funding Circle and I look forward to building on the opportunities we can offer small businesses across our network over the coming year.”

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